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Thursday, April 24, 2025

Silk Road's Ross Ulbricht Apologizes to the Public on the Eve of His 10th Year in Prison - Blockchain News

Silk Road founder Ross Ulbricht who is currently serving a double sentence in prison for his role in running a distribution network that allows buying and selling hard drugs through the use of Bitcoin made a statement on Friday describing his emotions on the eve of his 10th year in prison.
According to a Twitter post
Ulbricht was arrested and sentenced to life in prison on seven charges in 2013; distribution of narcotics, distribution of narcotics over the Internet, conspiracy to distribute narcotics, furthering a criminal enterprise, conspiracy to hack a computer, conspiracy to smuggle using false identification, and money laundering.
Ulbricht received proceeds through Bitcoin from about 1,229,465 transactions over the two-year operation from his ‘darknet’ website as stated by court documents.
The Silk Road founder is still very much present in the crypto space despite his sentence. He introduced a decentralized social protocol (DSP) in 2021 stating how it will operate and the...



Read Full Story: https://blockchain.news/news/silk-roads-ross-ulbricht-apologizes-to-the-publi...

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